401(k) · DOL Form 5500 · 2023
Parsons Corporation 401(k) Plan
Data updated 2026-08-11
- $2.0B
- Total assets
- 9,394
- Participants
- 99th
- Percentile by assets
- $216,942
- Avg per participant
Official DOL plan name: Parsons Corporation Retirement Savings Plan · Sponsored by Parsons Corporation · Virginia · Professional & Technical Services
$2.0B in assets, 9,394 participants
Parsons Corporation's Parsons Corporation Retirement Savings Plan reported $2.0B in total assets and 9,394 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 127,072 plans)
- #20,241 in Professional & Technical Services (20,321 peers)
Coverage in Virginia
Parsons Corporation Retirement Savings Plan covers 9,394 participants in Virginia, 12x the typical Virginia plan (state average ~782 per filing). Assets: $2.0B.
- $2.0B
- total plan assets (2023 EOY)
- 9,394
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $216,942
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Parsons Corporation Retirement Savings Plan reported net income rose from -$364M in the plan year 2022 filing to $258M in the plan year 2023 filing.
- Parsons Corporation Retirement Savings Plan end-of-year assets rose from $1.7B in the plan year 2022 filing to $2.0B in the plan year 2023 filing.
- Parsons Corporation Retirement Savings Plan reported participants fell from 9,497 in the plan year 2022 filing to 9,394 in the plan year 2023 filing.
Participants vs Virginia filers
In Virginia, the average filing covers about 782 participants across 3,655 plans. Parsons Corporation Retirement Savings Plan reports 9,394 participants - 12x that state average ($2.0B EOY assets).
Virginia filing particulars
| Total Assets (Beginning of Year) | $1.7B |
|---|---|
| Net Assets (End of Year) | $2.0B |
| Net Income | $258M |
| Employer EIN | 953232481 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Parsons Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 17,301 | $4.6B |
| 2023 | 2 | 17,265 | $5.8B |
| 2024 | 2 | 18,435 | $7.3B |
Nearby 401(k) Plans in Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Parsons Corporation Retirement Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
- Northrop Grumman Savings Plan $36.2B · 97,987
- 401(k) Pension Plan $15.0B · 62,467
- General Dynamics Corporation 401(k) Plan 6.0 $11.2B · 48,860
- Leidos, Inc. Retirement Plan $10.6B · 27,043
- Bae Systems Employees' Savings and Investment Plan $9.4B · 31,681
Scale composition for Parsons Corporation Retirement Savings Plan
Parsons Corporation Retirement Savings Plan reports $2.0B in end-of-year assets across 9,394 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $216,942 per participant (1.6x the national average assets-per-participant) . Net income for plan year 2023 was $258M.
This plan identity (EIN 953232481, plan #115) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.7B to $2.3B (+35.2%) while covered participants moved from 9,497 to 10,395 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,497 | $1.7B | Open filing |
| 2023 | 9,394 | $2.0B | This page |
| 2024 · index core | 10,395 | $2.3B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Parsons Employee Stock Ownership Plan (ESOP, $5.0B, 8,040 participants)
- Parsons Corporation Retirement Savings Plan (401(k), $2.3B, 10,395 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Parsons Corporation Retirement Savings Plan by total assets, not by location.
- Bjc 401(k) Plan (MO) $2.0B · 29,675
- Llns 401(k) Retirement Plan (CA) $2.0B · 7,519
- Kohl's Inc. Savings Plan (WI) $2.0B · 60,058
- Nrg Affiliates Employee Savings Plan (NJ) $2.0B · 6,623
Frequently Asked Questions
How did Parsons Corporation Retirement Savings Plan assets move in 2023? ▼
How have Parsons Corporation plan assets changed over time? ▼
Where does Parsons Corporation Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Parsons Corporation Retirement Savings Plan? ▼
Next read for Parsons Corporation Retirement Savings P…
Filing takeaways
Ways to act on Parsons Corporation Retirement Savings Plan's numbers.
- By total assets, Parsons Corporation Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
- Parsons Corporation's sponsor-wide assets have grown 56.9% since 2022 across 3 plan years on file. More Professional & Technical Services plans